Input prices have been a major topic of discussion over the last couple of years. As I write this, we are enjoying some extremely high cattle prices. But those high prices have been at least somewhat offset by increases in production costs. This has been true of feed, fertilizer, fuel, machinery, labor and many other inputs. On the heels of USDA’s “Prospective Plantings” report, it seemed to be a good time to discuss recent trends in feed prices and the impact this tends to have on feeder cattle values.
For some recent perspective, the U.S. average corn price per bushel is tracked in…
